Why Interest is Forbidden in Islam?

Halal Contributor
démonstration de l'interdiction de Riba ou l'usure en Islam, le Riba est haram
© Bakhtiar Zein | Dreamstime.com

Allah has forbidden interest in the Qur’an. It is important for any Muslim to take to heart any of the rules of the Islam and be satisfied with any provision of Allah. Whether one knows the wisdom of the law or not, he/she must show obedience. However, there are some rules of Allah whose wisdom or reason is clear to us. Such is the case with interest being forbidden. The restrictions that have been imposed on us by Allah are mainly for our benefit.

What is Riba or Interest?

In Arabic, interest is called Riba. Riba means excess or surplus. Taking something in excess of capital is called Riba or interest. Interest is an extreme disorder for our society. That is why Allah has forbidden interest and made business lawful.

In the terrible grip of interest, the poor people of the society go down to the extreme of poverty. As a result, chaos is created in the society and alsosocial and economic inequality is created.

Explaining the horrors of interest, Allah says,

Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, “Business is just like interest.” But Allah has permitted business and has forbidden interest. So whoever has received a commandment from his Lord and desists may have what is past, and his affair rests with Allah. But whoever returns to dealing in interest – those are the companions of the Fire; they will abide eternally therein. (2:265)

Avoiding interest is tantamount to declaring war on Allah. Allah says,

“O the believer, fear Allah and give up what remains of interest, if you are true believers. (2:27)

Allah further says, “O the believer, do not consume interest, doubled and multiplied, but fear Allah that you may be successful.” (3:130)

Warning About Interest

Highlighting the abomination of interest, the Prophet Muhammad (peace and blessings of Allah be upon him) said, “There are seventy levels of the sin of interest; the lowest of which is adultery with one’s mother.”

Wealth acquired through interest is apparently felt more. But since no part of welfare exists in it, as a result, that wealth is destroyed and annihilated in such a way that not even its nominal remains. This is not just a warning, but its reality has become as real as daylight.

Allah has made this reality clear in the Qur’an. Allah says, “Allah destroys that wealth which is acquired through interest. On the other hand, the wealth that is earned by one’s own hard work. From that, by spending in the way of Allah, Allah increases that wealth.”

Mentioning interest and charity together in this verse, Allah has made it clear that the meanings and consequences of both are opposite.

Punishment of Interest

Just taking interest is not a serious crime. On the contrary, those who are involved in it will also face terrible punishment. The Prophet Muhammad (peace and blessings of Allah be upon him) cursed the usurer, the giver and the scribe of interest and the witness of interest.

The Prophet Muhammad (peace and blessings of Allah be upon him) added, “On the night of Meraj, I passed a group whose stomachs were like houses. There were innumerable snakes inside him. Which could be seen from the outside of the abdomen. I said, “O Gabriel! Who are they? ” He replied, “These are usurers among your ummah.”

Think about it, where interest is like fighting Allah. In that case, does anyone have the courage to go to war with Allah?

However, it is very unfortunate that at the present time the interest epidemic has taken shape. We need to get rid of this disorder of interest. If we take the holy provision, Allah will bless our provision. So let’s protect ourselves from interest.

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